KULTAR SINGH BINDRA

KULTAR SINGH BINDRA is currently employed as a Broker and/or Investment Adviser at BB&T SECURITIES, LLC located at 1717 KING ST, ALEXANDRIA, VA, 22314.

KULTAR SINGH BINDRA has worked at BB&T SECURITIES, LLC since January 02, 2018

Disclosure History

KULTAR SINGH BINDRA has 1 Disclosure Event(s).

Date: January 12, 2017
Category: Customer Dispute
Allegations: Claimants allege, inter alia, that beginning in July 2013 the FA made unsuitable investment recommendations in the clients accounts.
Damage Amount Requested: $650,000.00
Broker Comment: [Customer's] claims are unfounded and without merit. If it wasn't for the many unsolicited penny stocks and biotech stocks that [customer] himself chose, despite my multiple objections, his account would be positive. On multiple occasions client forcefully sold blue chip stocks like Facebook, Amazon, Google for the hot trade of the day showing up on CNBC (all notated on the MS and UBS systems). The options investments represented a small part of [customer's] net worth and on several occasions, and in writing, he admitted personal blame for their performance."

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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